Europe Odor Sensor Market Size, Share & Industry Trends Analysis Report By Sensor Type, By Application, By Instrument Type (Multiodor Sensors, and One Element Odor Sensors), By End User, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Europe Odor Sensor Market would witness market growth of 26.2% CAGR during the forecast period (2022-2028).
One of many methods, including the Hall effect, magnetization, spin orientation, ferromagnetic resonance, magneto-optical Kerr effect, and magneto-static wave oscillation effect, is used to assess changes in the magnetic characteristics of the active materials in magnetic gas sensors. The advantage of the piezoelectric action of the sensor material, whose frequency is modified by the adsorption of analyte gas molecules, is used in surface acoustic wave gas sensing.
The interaction of the gas molecules with the active materials causes optical characteristics like optical absorption, transmission, refractive index, and surface plasmon effects, which are monitored by optical gas sensors to identify the different gas species. Hot subjects, including internet of things (IoT) devices, and wearable, flexible, and self-powered gadgets, provide new potential for sensing technology. As a result, research in these fields will lead to the development of odor sensors that are low-cost, low-power, compact, long-lasting, and selective for the detection of hazardous gas species.
Germany has a robust healthcare system, particularly regarding hospital beds, infrastructure, and skilled personnel. In Germany, the healthcare industry accounts for one in every six employees and has an economic impact of EUR 678.2 billion (USD 798 billion) or around 12% of Germany's GDP. HCT generates EUR 131.2 billion (USD 154.4 billion) in overseas sales, accounting for 8.3% of Germany's exports. The German medical equipment sector is predicted to grow at a CAGR of 5.1 percent in euro terms and 6.8 percent in US dollar terms from 2020 to 2025. The expansion of the healthcare industry will surge the adoption of newer technologies like odor sensors for the diagnosis of various diseases and thereby surge the market growth in the region.
The Germany market dominated the Europe Odor Sensor Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $428.2 million by 2028. The UK market is anticipated to grow at a CAGR of 25.1% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 27.1% during (2022 - 2028).
Based on Sensor Type, the market is segmented into Chemical Sensors, Biosensors, Mass Spectrometry Sensors, Differential Optical Absorption Spectrometers, and Others. Based on Application, the market is segmented into Medical Diagnosis, Air Control & Environmental Monitoring, Food Quality Control, Smell Visualization & Standardization, and Others. Based on Instrument Type, the market is segmented into Multiodor Sensors, and One Element Odor Sensors. Based on End User, the market is segmented into Healthcare, Renewal Energy Generation & Waste Management, Food & Beverages, Military & Defense, Agriculture, HoReCa, Entertainment, Cosmetics, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Odor Sensor Market will Hit $6.8 Billion by 2028, at a CAGR of 26.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Panasonic Holdings Corporation, Honeywell International, Inc., Dragerwerk AG & Co. KGaA, Envirosuite Ltd., Figaro Engineering, Inc. (New Cosmos Electric Co., Ltd.), Aryballe Technologies, Membrapor AG, Alphasense, Inc., Aeroqual Ltd., and Comon Invent B.V.
Scope of the Study
Market Segments Covered in the Report:
By Sensor Type
- Chemical Sensors
- Mass Spectrometry Sensors
- Differential Optical Absorption Spectrometers
- Medical Diagnosis
- Air Control & Environmental Monitoring
- Food Quality Control
- Smell Visualization & Standardization
By Instrument Type
- Multiodor Sensors
- One Element Odor Sensors
By End User
- Renewal Energy Generation & Waste Management
- Food & Beverages
- Military & Defense
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Panasonic Holdings Corporation
- Honeywell International, Inc.
- Dragerwerk AG & Co. KGaA
- Envirosuite Ltd.
- Figaro Engineering, Inc. (New Cosmos Electric Co., Ltd.)
- Aryballe Technologies
- Membrapor AG
- Alphasense, Inc.
- Aeroqual Ltd.
- Comon Invent B.V.
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